2024-10-29T11:47:35-07:00 2024-06-30 621333963 Parsons & Wright CPAs 1000 Brentwood Way Kingston TN 37763 990 2023-07-01 620326835 PLATEAU ELECTRIC COOPERATIVE PLAT 4235698591 16200 SCOTT HIGHWAY PO BOX 4669 ONEIDA TN 37841 RYAN KEETON CFO 2024-10-29 true true Robyn Langley P01307601 8653765865 2023 2024-10-15 13:58:12Z 16200 SCOTT HIGHWAY PO BOX 4669 ONEIDA TN 378414669 46778890 false X WWW.PLATEAUELECTRIC.COM X 1939 TN PLATEAU ELECTRIC COOPERATIVE EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. 9 9 56 0 0 47738089 46628087 174792 144903 5900 47912881 46778890 0 0 4918760 4806926 0 0 42359943 41140836 47278703 45947762 634178 831128 69254966 69708915 21626755 21248698 47628211 48460217 PLATEAU ELECTRIC COOPERATIVE EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. false false PLATEAU ELECTRIC COOPERATIVE WAS FORMED IN 1939 AS A MEMBER-OWNED COOPERATIVE. PEC SERVES APPROX. 1,830 LINE MILES AND IS HEADQUARTERED IN ONEIDA, TN, WITH A DISTRICT OFFICE IN WARTBURG, TN. PEC EXISTS TODAY TO PROVIDE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. THE COOPERATIVE PURCHASES POWER FROM THE TENNESSEE VALLEY AUTHORITY AT WHOLESALE AND SUPPLIES APPROX. 17,700 MEMBERS. false false false false false false false false false true false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 48 0 true 56 true false false false false false false false false X 9 9 false false false false true true true true true false false true true true true true true true true false TN X RYAN KEETON 4235698591 16200 SCOTT HIGHWAY ONEIDA TN 378414669 JOEL MCCARTT DIRECTOR OF ENGINEERING 50.00 0.00 169435 0 64655 RICHARD SEXTON LINE FOREMAN 50.00 0.00 138963 0 58197 RYAN KEETON CFO 50.00 0.00 139764 0 42959 TREVOR HURTT LINE FOREMAN 50.00 0.00 122794 0 58197 SHANE PHILLIPS JOURNEYMAN LINEMAN 50.00 0.00 122251 0 58197 ANTHONY OVERTON GROUNDMAN 50.00 0.00 131744 0 44415 KEITH CRABTREE DIRECTOR OF OPERATIONS 50.00 0.00 119887 0 49166 HUNTER HENRY JOURNEYMAN LINEMAN 50.00 0.00 124828 0 39027 DAVE CROSS FORMER CEO 50.00 0.00 136629 0 21482 ALFRED BRANIM MORGAN COUNTY MANAGER 50.00 0.00 106536 0 33476 JOHN PROFFITT CEO 50.00 0.00 136629 0 2297 TIM FREELS President 14.50 0.00 X X 24500 0 0 HARRY GOSNELL Director 13.80 0.00 X 24150 0 0 BILL HALL Vice President 13.80 0.00 X X 23450 0 0 VIC DAVIS Director 12.10 0.00 X 23100 0 0 STEVE LAMBERT Treasurer 12.30 0.00 X X 22750 0 0 LEE ARMSTRONG Director 12.90 0.00 X 22050 0 0 PHILLIP JONES Director 10.00 0.00 X 19950 0 0 MARK KLINE Secretary 10.90 0.00 X X 17500 0 0 CRAIG CHAMBERS Director 11.10 0.00 X 15050 0 0 1641960 472068 11 true true false GALLOWAY CONSTRUCTION LLC DBA DARKHORSE PO BOX 72 SUNBRIGHT TN 37872 CONSTRUCTION WORK 1190090 STUART C IRBY CO PO BOX 741001 ATLANTA GA 30384 CONSTRUCTION 937317 GRESCO 1135 RUMBLE RD FORSYTH GA 31029 CONSTRUCTION 768828 PATTERSON & DEWAR ENGINEERS INC 850 CENTER WAY NORCROSS GA 30071 PROFESSIONAL 224405 MS TN TRANSFORMERS INC 2903 HWY 49 S GREENWOOD MS 38930 SUPPLIES 189945 5 0 DISTRIB OF ELECTRICITY 221000 44763636 44763636 POLE RENTAL 221000 1470906 1470906 SERVICE CHARGES AND FEES 221000 393545 393545 46628087 144903 144903 0 0 0 0 0 0 0 DONATION OF PROPERTY 5900 5900 5900 46778890 46633987 144903 0 0 0 0 864804 0 2113503 507607 1076933 244079 0 27277 19750 0 0 0 0 22910 147701 0 0 86232 0 0 269863 258113 0 3113509 134821 POWER PURCHASED 33040932 EQUIPMENT RENTAL & MAINTENANCE 1883613 MISC GENERAL 353742 STATION EXPENSE 342272 1440101 45947762 0 0 0 603281 388841 5317015 3009412 0 4877772 5852974 0 0 735683 907126 1915605 1763523 329998 377104 100323055 43682502 54598762 56640553 0 0 0 0 876850 769382 69254966 69708915 7071220 7653760 7920944 6914800 6634591 6680138 21626755 21248698 X 47628211 48460217 47628211 48460217 69254966 69708915 X 831128 878 X false true X true false 1033908 1033908 99289147 43682502 55606645 56640553 ACCRUED POSTRETIREMENT BENEFITS 701693 CUSTOMER DEPOSITS 3841279 DEFERRED CREDITS 1231893 TVA LOAN PROGRAM ADVANCES 905273 6680138 X Part X : FIN48 Footnote THE COOPERATIVE FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. THE COOPERATIVE HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE COOPERATIVE'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2021, THE YEARS THAT REMAIN SUBJUECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2021. X false false false ANTHONY OVERTON GROUNDMAN 131744 23386 21029 176159 DAVE CROSS FORMER CEO 136629 13944 7538 158111 HUNTER HENRY JOURNEYMAN LINEMAN 124828 10181 28846 163855 JOEL MCCARTT DIRECTOR OF ENGINEERING 169435 43693 20962 234090 KEITH CRABTREE DIRECTOR OF OPERATIONS 119887 36580 12586 169053 RICHARD SEXTON LINE FOREMAN 138963 29256 28941 197160 RYAN KEETON CFO 139764 13646 29313 182723 SHANE PHILLIPS JOURNEYMAN LINEMAN 122251 29256 28941 180448 TREVOR HURTT LINE FOREMAN 122794 29256 28941 180991 Form 990, Part VI, Section A, Line 6 PEC IS MEMBER OWNED BY THE CUSTOMERS IT SERVES IN SCOTT AND MORGAN COUNTIES IN TENNESSEE. Form 990, Part VI, Section A, Line 7a EACH INDIVIDUAL ON THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS FOR A THREE-YEAR TERM, WITH THREE DIRECTORS UP FOR RE-ELECTION EVERY YEAR. THE MEMBERS ELECT THE DIRECTORS AT AN ANNUAL MEMBER MEETING, WHERE EACH MEMBER GETS ONE VOTE. Form 990, Part VI, Section A, Line 7b MEMBERS ANNUALLY ELECT DIRECTORS TO FILL EXPIRING TERMS OF A PORTION OF THE COOPERATIVE'S BOARD OF DIRECTORS. THE ELECTION RESULTS ARE RATIFIED BY THE COOPERATIVE'S MEMBERSHIP AT AN ANNUAL MEETING. MEMBERS MUST ALSO VOTE TO APPROVE THE DISSOLUTION, MERGER OR CONSOLIDATION, OR SALE OF A SIGNIFICANT PORTION OF THE ASSETS OF THE COOPERATIVE. Form 990, Part VI, Section B, Line 11b A FINAL COPY OF THE FORM 990 IS GIVEN TO THE COOPERATIVE FOR REVIEW BEFORE THE FORM IS FILED. Form 990, Part VI, Section B, Line 12c THE MONITORING AND ENFORCEMENT OF CONFLICTS ARE HANDLED BY THE BOARD AND DISCUSSED DURING THE BOARD MEETINGS IF ANY CONFLICTS OF INTEREST ARISE. Form 990, Part VI, Section B, Line 15a THE BOARD REVIEWS COMPARATIVE ORGANIZATION'S SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. Form 990, Part VI, Section B, Line 15b THE BOARD REVIEWS COMPARATIVE ORGANIZATIONS SALARY AMOUNTS AND REVIEWS SALARY SURVEYS. Form 990, Part VI, Section C, Line 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 CHANGE IN MEMBERSHIPS = $878